Flight to quality helps Peru to tightest ever yields

By Oliver West
21 Nov 2019

It is less than two months since one of the most serious constitutional crises in Peru’s history, yet on Thursday the sovereign sold Sl10bn ($2.96bn) of new local currency debt at record low yields.

Social and political turbulence has taken a grip across much of Latin America in recent weeks and, on Thursday, Peru’s neighbour Colombia saw large anti-government protests amid a national strike, triggering a slight sell-off in Colombian assets.

Also on Thursday, farmer protests in Mexico drove the ruling party to ...

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